Lanxess has completed its acquisition of Emerald Kalama Chemical for US$1.04 billion (€870 million), reportedly the second biggest in its history.
Emerald Kalama Chemical generated global sales of around US$425 million (€375 million) in 2020, one quarter of which originated from business with specialty chemicals for industrial applications, Lanxess said. This includes the K-Flex range of non-phthalate plasticizers and coalescents for adhesives, coatings, sealants and vinyl applications, Kalama Vitroflex plasticizers for the manufacture of polysulfide sealants and Modulast modifiers, and benzoic acid, benzaldehyde and benzoate salts supplements.
It has 470 employees and three production sites in Washington, USA, Rotterdam, Netherlands and Widnes, Great Britain.
‘The new products broaden the existing Lanxess range and offers growth opportunities in the area of non-phthalate plasticizers which meet the most modern requirements of the plastics processing industry,’ said Dr Thomas Facklam, head of global application technology at Lanxess.
This story uses material from Lanxess, with editorial changes made by Materials Today.